What is Your Take About National Debt Relief and Lexington Law to Rebuild My Credit?


Dear Steve,

I had an uncontrollable problem with not understanding how important having credit was. I would spend and only make the minimum payments on credit cards and student loan, that I co-signed for my daughter. Then when things got really bad I turned to payday loans and a car title loan. I begin to fall further into debts. My income only covers a small amount of this debts. I knew I was in trouble and to stop before I had a breakdown. That when I turn to a debt settlement company.

I’m working with a debt settlement company, a very good one (NDR). I have been reading a lot about credit and how to rebuild your credit. My question is in one the article I read that a settlement will leave a negative impact on your credit score. How true is that? I’m trying to rebuild my credit. Also, most articles recommend Lexington Law to help with rebuilding your credit. What your intake on this company? They do have a very good reputation.



Dear Josephine,

I think both firms offer a professional service for the product they sell. And the ultimate issue is not about you paying them for assistance but not wanting to do this yourself and hiring someone to do it for you.

It’s the classic argument of mowing your own lawn or hiring someone to mow it for you. If that’s what you want to do, that’s your choice. I’d stand behind whatever decision you want to make on that.

Rebuilding your credit is actually an easy process. You can read my guides How to Easily Rebuild Your Credit and Have Good Credit Again and The Get Out of Debt Guy Free and Easy Credit Repair Guide.

I’m less concerned with how quickly you can rebuild your credit or the impact debt settlement will have on your situation than I am about the length of time settling your debt may take and cost you. The lost retirement cost alone can be huge.

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Please make sure you have considered bankruptcy as an option. A Chapter 7 bankruptcy will cost about $1,500 and eliminate your debt in about 90 days. To compare your get out of debt options just look at my online calculator to help.

The process of rebuilding your credit after bankruptcy is the same as after debt settlement. Read Easily Rebuild Your Credit After Bankruptcy.

I would suggest you find a good local bankruptcy attorney and have a free discussion about what bankruptcy would mean for you. Bankruptcy is the fastest way to get a fresh start for the least amount of money.

If you decide NDR is the right solution for you then you can rest easy knowing you made the best decision for you and your situation. And if you really want to hire someone else to handle this all for you then a little of the research I assigned to you will help you to feel more confident in the decisions you’ve already made.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Damon Day - Pro Debt Coach

Steve Rhode

3 thoughts on “What is Your Take About National Debt Relief and Lexington Law to Rebuild My Credit?”

  1. I am now with Lexington Law and I have no problems with the aggressiveness of this company. In no way has this Lexington Law ever sent out correspondence or anything without me not receiving an email. I am disturbed at the fact that the debt collectors are upset, for I had for one year tried to get several accounts off of my credit report, only to have it re-aged,or a name slightly changed to place it right back on there. A third-party debt collector who buys old debt for pennies on the dollar, who never has written a contract, or has any signature with your name on it that credit was extended by them, should not have the right to damage your credit. These ruthless debt collectors have become straight up criminals. It has been coined the Wild West of Debt Collection. If this agency can get these items off my credit report, I am grateful.. I tried myself and the credit bureaus ignored me and so did these criminal debt collecting companies.


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